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what's your reaction to the hsbc thing? >> i've been waiting all day to ask you what you think. >> eliot: i just told you. >> as the prosecutor, even people on wall street were blown away by the result of this because you know, the decision to not prosecute in this instance belies everything that the government has ever done with regard to drug prosecutions everywhere. when you think about the way they behave toward ordinary people who get caught up in drug cases where they seize all of your property and they use absolutely the maximum sentence possibly available. a bank launders billions of dollars for colombian and drug cartels and terrorists for years on end and they can't find something to charge them with? >> eliot: they chose not to because it is no longer that they're too big to fail. which we already know. they're too big to indict. too big to prosecute. they're so big -- which we already know. >> but what's so amazing about that is that's exactly the same behavior that hsbc is charged with. taking money to look the
what's your reaction to the hsbc thing? >> i've been waiting all day to ask you what you think. >> eliot: i just told you. >> as the prosecutor, even people on wall street were blown away by the result of this because you know, the decision to not prosecute in this instance belies everything that the government has ever done with regard to drug prosecutions everywhere. when you think about the way they behave toward ordinary people who get caught up in drug cases where they...
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Dec 14, 2012
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. >> here's what you do if you're hsbc. you go down to the drug companies and say we're open for business. we make a lot of money doing this and if we get caught, we only give back a little bit to the government and maybe a little bit of our bonuses but maybe not. but if they catch you on the street with a little reefer in your pocket, you go to jail. this justice department, failure top to bottom. lenny brewer, the assistant in charge of the criminal division, horrendous. should be gone tomorrow. gone to really. >> cenk: preach it, brother. >> i am south raged. there you have it. >> cenk: i love that. we're going to come right back with elbow of the day. exciting issue. from financial regulation, fraud on wall street. things everyday exploding around the world that leave no shortage for exciting conversations. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. >> cenk: every night we ask you to guess the elbow of the day. victor wrote in oh, please, l
. >> here's what you do if you're hsbc. you go down to the drug companies and say we're open for business. we make a lot of money doing this and if we get caught, we only give back a little bit to the government and maybe a little bit of our bonuses but maybe not. but if they catch you on the street with a little reefer in your pocket, you go to jail. this justice department, failure top to bottom. lenny brewer, the assistant in charge of the criminal division, horrendous. should be gone...
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Dec 14, 2012
12/12
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. >> here's what you do if you're hsbc. you go down to the drug companies and say we're open for business. we make a lot of money doing this and if we get caught, we only give back a little bit to the government and maybe a little bit of our bonuses but maybe not. but if they catch you on the street with a little reefer in your pocket, you go to jail. this justice department, failure top to bottom. lenny brewer, the assistant in charge of the criminal division, horrendous. should be gone tomorrow. gone to really. >> cenk: preach it, brother. >> i am south raged. there you have it. >> cenk: i love that. we're going to come right back >> cenk: every night we ask you to guess the elbow of the day. victor wrote in oh, please, let it be joe lieberman. it is joe lieberman. he is leaving the senate and gave his farewell speech today. look at the pathetic level of disinterest in the senate. look at the first shot as you watch his speech and how there's almost no one there. >> today i regret to say as i leave the senate that the gre
. >> here's what you do if you're hsbc. you go down to the drug companies and say we're open for business. we make a lot of money doing this and if we get caught, we only give back a little bit to the government and maybe a little bit of our bonuses but maybe not. but if they catch you on the street with a little reefer in your pocket, you go to jail. this justice department, failure top to bottom. lenny brewer, the assistant in charge of the criminal division, horrendous. should be gone...
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Dec 21, 2012
12/12
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hsbc perhaps even worse. here's a bank that did business with apparently the bank that funded al-qaeda, including wiring money to one of the 9/11 attackers that did business with the drug lords. what do they get? a $1.5 billion fine. nobody gets arrested. why? they're too big to jail. brian asked about that in this report. watch this. >> this is a very just, very real and very powerful result. >> you don't think the bank got off easy? >> no, and i don't think the bank thinks it got off easy. >> $38 billion in profits over the last two years hsbc can easily afford it's payment. >> cenk: yeah, a joke. nonsense. i mean, the fact that these guys are not in jail when they're the biggest money launderers for drug straighters in the world. stephanie george is sitting in jail and has a life sentence because her exboyfriend hid cocaine in her attic. her earlier convictions were for drug transactions equalling $40 and $120. $40 and $120, life sentence. the top bankers who funneled all the money to the drug lord says, n
hsbc perhaps even worse. here's a bank that did business with apparently the bank that funded al-qaeda, including wiring money to one of the 9/11 attackers that did business with the drug lords. what do they get? a $1.5 billion fine. nobody gets arrested. why? they're too big to jail. brian asked about that in this report. watch this. >> this is a very just, very real and very powerful result. >> you don't think the bank got off easy? >> no, and i don't think the bank thinks...
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Dec 11, 2012
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. >> hsbc, what they are accused of. in moments. you're watching "starting point." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> good morning. welcome back. i'm christine romans. minding your business. three british nationals arrested in connection with the libor rate fixing scandal. libor rate is used to set rates on loans. three arrests out of the uk right now. >>> u.s. stock futures higher. fiscal cliff talks, federal reserve meeting in washington, two drivers for investments over the next couple of days. futures holding in there for now. >>> federal and state authorities have reached a record-setting settlement with british banking giant hsbc. europe's largest lender has agreed to a staggering settlement. this is a big fine. hsbc is accused of
. >> hsbc, what they are accused of. in moments. you're watching "starting point." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> good morning. welcome back. i'm christine romans....
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Dec 11, 2012
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$2 billion to hsbc is six weeks, eight weeks of earnings. it is a lot of money, relatively or specifically. but compared to the profits that you can make by breaking the law, if you know that the degree of accountability that will come is from an individual level, you're essentially going to keep all the profits you made in your bonus for doing this illegal activity, and even as an institution, who really pays? it is the shareholders. today's share holders were paying for profits earned by yesterday's executives. this is an untenable situation that will lead to more crime and more crisis. >> neil barofsky, thank you, sir. good to have you back on the show. >> thank you. >>> in broad daylight, along one of new york's busiest streets, someone shoots a man, point blank, and then runs. now as police hunt for the so-called assassin, look at this, new video shows the suspect moments before. yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. s
$2 billion to hsbc is six weeks, eight weeks of earnings. it is a lot of money, relatively or specifically. but compared to the profits that you can make by breaking the law, if you know that the degree of accountability that will come is from an individual level, you're essentially going to keep all the profits you made in your bonus for doing this illegal activity, and even as an institution, who really pays? it is the shareholders. today's share holders were paying for profits earned by...
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Dec 11, 2012
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." $1.9 billion settlement with british giant hsbc. they were charged with enabling drug cartels to launder money through the american financial system. >> is that bad? >> billions have dollars on behalf of iran. >> they keep moving the lines. >> i wish the regulators would pass a freakin law and stick with it. >> put your earpiece in so they can tell you to be quiet. >> to laund-if you can't laundey through mexican cartels, what can you do these days? >> sharing with marketers and other third parties without notifying parents. >> this is just not good. >> only 20% of children's apps provide disclosures about that data collection. >> this is the cutest thing. the pope is tweeting. "usa today," pope benedict will make history tomorrow when he takes to twitter to answer his pari parishioner's questions. he already has 900,000 followers in eight languages on his handle at pontiff-x. >> he follows me. >> 900,000 for the pope? beaver's got like 25 million. you would think the pope would be -- >> get off his back! >> i want to do that at som
." $1.9 billion settlement with british giant hsbc. they were charged with enabling drug cartels to launder money through the american financial system. >> is that bad? >> billions have dollars on behalf of iran. >> they keep moving the lines. >> i wish the regulators would pass a freakin law and stick with it. >> put your earpiece in so they can tell you to be quiet. >> to laund-if you can't laundey through mexican cartels, what can you do these days?...